The LIC IPO allotment is likely to be finalised today. The subscription period for LIC IPO, country’s biggest-ever public issue, opened on May 4 and closed on May 9.
Once the Life Insurance Corporation of India finalises the IPO share allotment, those who have applied for the initial public offering may check their application status.
To check the status of application in the LIC IPO, one needs to visit, https://www.bseindia.com/investors/appli_check.aspx, and enter details such as issue type, issue name, application number, and Permanent Account Number (PAN).
While the initiation of refunds is expected on May 13, the credit of shares to demat accounts is likely to take place on May 16. The LIC shares will be later listed on BSE and NSE on May 17.
On Thursday, the Supreme Court refused to grant any interim relief and stay LIC IPO share allotment on a batch of pleas filed by some policy holders. A bench of Justices DY Chandrachud, Surya Kant and PS Narasimha said that the court should be reluctant to grant any interim relief in matters of commercial investments and IPO.
"We are not inclined to grant any interim relief," the bench said as it issued notice to the Centre and LIC on the batch of pleas seeking their response within eight weeks.